If you own a non-custodial crypto wallet like MetaMask, you know the headache of keeping your 16-word seed phrase safe. That’s the responsibility that comes with having full control over one’s digital assets.
A third-party wallet, like one hosted by an exchange, on the other hand, stores private keys on users’ behalf and provides a better user experience. The risk is the lack of transparency over how user funds are managed, which could lead to incidents like the FTX meltdown.
Some believe a new technical change in the Ethereum ecosystem is about to solve the dilemma between asset control and user experience. At the center of the movement is the ERC-4337 standard introduced by the Ethereum Foundation, the non-profit research affiliate of Ethereum, the world’s second-largest cryptocurrency that boasts a vibrant developer community.
Jiajun Zeng, a former product manager at TikTo...
